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RETAIL INVESTOR'S SETBACKS.
1. Lack of full knowledge of the crypto space.
2. Not taking profits
3. Too little capital
4. Lack of passive/active income.
5. Buying Tops, Selling Bottoms.
1. Before you venture into any business, it is advisable to do proper research about the business. Crypto is one. Always Do Your Own Research.
2. I know that with your little amount of $$$, Most retail investors want to turn $100 into $10,000 in a blink of an eye. But always remember that Markets do not move in a straight line. So make sure you take out your capital and profits whenever you see good gains, then look for another project and invest.
3. Little Capital: 10% of 1Million Naira is 100,000 naira. But because of your small Capital, you want to stay as long as possible to get all the upside. But whales and Big traders Look for Less than 50% and they are out of the market. Remember that crypto is VOLUME. The more you put, the more you get.
4. IF you solely depend on crypto to feed, pay bills, and assist your Family, please think again.
I have been an advocate for passive income while you invest in crypto, if you have a steady income, you should be VERY VERY happy to get these cheap prices..(CRYPTO IS ON SALE.) If you were here in March 2020, you should be in profit regardless of this crazy dump. (I am still on 5X gains). So you have a steady flow of income to Dollar Cost Average (DCA) in this space.
5. Traders Buy Tops and sell bottoms most times, While investors buy Tops and rebuy bottoms 👈(read again). Which one are you???.
Learn to HODL and makes the most gains.
If you check most coins after dumping 80-90% they are still thousands of %age gains from their all-time low. ..
So my brothers and sisters. DO YOUR OWN RESEARCH, LOOK FOR MONEY, INVEST AND WAIT. You are definitely gonna make it.
I hope my Little post helps makes sense to someone
Posted : 30/05/2022 7:06 pm
Thank you my dear Sister for your SINCERE POST.
I really appreciate this.
I want to share my CRYPTO Journey here for the benefit of all.
To start with, I have always made money from REAL ESTATE...till I got introduced into crypto.
Real estate helped me and my family significantly and over the years it's been from glory to glory.
Unfortunately the crypto journey has been the worst decision I ever made in my entire life. It has been losses upon.losses upon losses. Because we were made to believe we will get 5x...10x....100x...but instead we have lost tens of millions of naira. I know people made money and are still making money from crypto....but please lets stop misleading people to believe that it will always be profits. Moreover, people should be warned that YOU ONLY INVEST WHAT YOU CAN AFFORD TO LOSE IN CRYPTO....not substantial volumes of money. It is very sad that people can be misled and then made to lack their wounds.
Lets tell people the truth. That crypto can swing either ways and you can actually lose all your investments.
I feel very very bad getting into this crypto madness and I regret it.
I never lost a dime in Real estate and I will go back there and start again and build a great future.
Crypto is for left over money for investments...just in.case you lose it all.
I have to vent this our to save an innocent person who may be contemplating putting all their resources in this gambling or is it scam business....
My 2 cents.
If you can.prove me wrong...Kindly respond.
God bless us all and please invest wisely. The safest and the most lucrative investment in the world remains REAL ESTATE.
Thanks for coming to my Ted talk.
God bless us all.
Posted : 30/05/2022 7:13 pm
Stan reacted
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